The Lake Charles echo. [volume] (Lake Charles, Parish of Calcasieu, La.) 1876-1898, 1887-07-09
New Advortiscments.
CHARTER
-OF THE--
KanHaBy,TatEifs HaEsaH-
way Company,
CHATTER
TryrrEDlsTATES OF AMERICA, !
"a : - .,g,v- = .rFtatsFTTY 4

T-NrrEDlsTATES OF AAIERICA, 4
STATE OF JyouIsIASG. PARISH OF CADCAsIEUr ) \
DFIT KNOWN, That on this seventh days
L j June in the year Of our Lord One Il hoEisaAu
Eight Hundred and tl l q =. IN AZ
TS5e Hundred and Eleventh, before me Thomas
RIeinpeteT Notary Public dnly oolnlnis sloliee
and 0Ilalifed for the Parish oil Caloaseu bt5te o.
T[risiaDn and IN the presence Of witnesses mere
i1aftgT named and understand personally came
and appeared JABEZ u. w ATKINS ALEAlA 1n
T1PI2 lfTHOhS0N, SEAMAN A. kNAHI, Will
MIR Z. TPRESBY, FRANK II. BANKER and
1TTTITkATM WITH, who sevBrally declared
that awaiting themselves OF the general Hi"s U
Tins State relative to the organization OF corpora
TONS for works of public Improvement ETC ihes
have formed themselves into, and do by these
presents f1rm themselves into and constitute a
corporation with all the powers vested by Law IN
guch corporations, and do by these presents cove
ngHt and agree and bind themselves under the
foIl1zyinp agreements and stipulRtions, which
thev adopt a. their charter to-Hit:
ARTICLE 1
Thu corporate name of said company is hereby
5sciareii II be- the KANSAS CITY, WATKINS
AND GULF RAILWAY COA st4 AS and its
joT1iciIe shall he In the parish of Caleasieu.
ARTICLE II.
This eouauanv. shall enjoy successiOn and retain
its corporate existence for the period Of ninety
nine 1921 wears from its formation. The President
OF the company and in his absence the Secretary
md
h hereby designated az the officer On whom all
citations and other legal process shall be served
The company shall have q corporate seal Of sueh
deTise as the Board Of Directors may determine
ARTICLE Ill
This eorporatien is established with the objects
and purposes following, toWit: 10 construct
build. and thereafter to own, maintain and use q
a railrogIl upon such course and on such O route
and with such tracts a. the BOard OF DIRECTORS
NAV deem .1roner and expedient. 10 from a
adj tn n
ana Western Railroad in the parish Of 7Cafeasiet'
and State of Louisiana, in DOTtheriy dlrectlonr
through the Western part to the North line Of the
State Of Louisiana 70 construct, maintain ana
operate such sfde-traoSs, turn-Outs and branch
roads in connection with said railroad as said
Board Of Directors may fix and to establish and
maintain in connection with said railroad all nee
essary freight and passenger depots and other
f9l 10 construct build and thereafter Own,
maintain and use a railroad upon such a course
and along sGch route and with such tracks as
the Board Of Directors of said company may deem
proper and expedient, TO run from point on On
adjacent Ia the Louisiana Western Baiiroad IN
the parish of EalCasieur in q s0ntbeflY direction
through the parish OF CAleasieu and Cameron,
such a distance and upon such course "a may be
fixed by aaid Board Of Directors, and to locate
said railroad all necessary freight and passenger
depots and other accessories, including such side
traoks turn-Outs and branches said Board OF
Directors may fix.
ARTICLE ".
The capital stock of this company is hereby
| fixed at FIVE MILLION DOLLARS tS5, 0OO, 900
TO be represented by Fifty thousand shares Of One
Hundred Dollars 600 each, five per cent to b.
paid for in cash at the time OF subscription AMI
! the balance at such times and on such terms a.
| the Buard of Directors may fix. Books Of sub
| seriptiou shall be opened in the City OF Lax
Charles as s0on as possible after the organization
! Of the Board Of Directors and The fixing Of tbI
| terms Of subscription, and shall remain open il
/ the discretion Of said Board. As soon as twenty
! thousand shares arc subscribed the building o
/ the road may be entered upon and all powers o
this e0rPorationshall hereHPon vest and go int
| effect.
| All the corporate powers Of this company shal
| be vested in a Board Of Directors composed 0
| seven stockholders, JABB2 b. NATKESs, ALEX
| ANDER thomson AiILEs j. DART, DAVID d
SPRANKLE, HENRY Dickinson, HENRY c. CHALK
! LILY aud WILLIAM J. PATTERSON are hereby de
! Clared To be the first Board Of Directors. VIII
| shall hold their Offices until January 10th. lsoe
| and until their successors shall be duly eleetei
| On the second Tuesday In January, 1888 and o.
! the same day annually thereafter an election 10
the Board Of Directors shall be held at the Oihe
! Of the company in the City of Lake Charles. Al
directors and officers shall hold office for the tern
| of one year from the date Of their election an
until their Successors shall have been duly eAeeta
and qualified. Each share Of stock shall be 81
titled to one vote. and the majority OF the vote
| cast at all elections, shall elect. All election
shall be by ballot and stakeholder must vet
| his stock either in person Or by written proxy
Vacancies occurring in the Board in the interval
between elections shall be hled by the Board.
ARTICLE VI.
The Board Of Directors shall have power /
make all necessary bylaws, Rules and Regal
tons for the government OF the affairs and bus
Ness Of the COMPANY and 10 change the san
when necessary. They shall annually elect Oh
Of the members of the Beard TO be President
the corporation aud another to Ice PiGe.Fresiden
They shall also annually elect a Secretary aud
! ARTICLE VII.
This charter may be altered and amended,
this corporation dissolved by a vote Of tire
f0aFths Of the stockholders present or represents
at a meeting convened for that purpose aft
thirty days notice shall have been published in
daily paper in the City Of Lake Charles and tn
company be consolidated with any other RAJ
way Company, in accordance with the EeneF
Laws Of the State upon the subject OF the pOnso
datiOn Of railHoad corporations. At the teIInin
ton of this charter, on the dissolution Of u
corporation, the affairs Of tbs company shall
hquldated by three commissioners, who shall ]
appointed BY the stockholders from among the
: number. III this charter expires BY liuitatiD
said commissioners shall be appointed by ball
at general meeting OF stockholders called /
that purpose and advertised as above. and if
dissolution takes place BY vote then said co..
miss0Ders shall be appointed ut a meeting call
to dissolve the same as above sci forth, Sa
commissioners shall be appointed by ballot, a
it shall require a majority OF the stoekbolde
present and voting to elect The said stoGkhol
ems shall establish the terms and manner in Will
said liquidation shall be made, aud define I
= p0sFers, duties and elnnlameuts of said comm
si0Rsfs and the manner Of dlling vacancies
: their number II AIRY should eOeAT.
Il ARTICLE VIII
: No stakeholder Of this company shall ever
+ liable or responsible for the contracts, debts
5 faults of the company ID any further sum til
d the unpaid balance due to the company on 1
o shares owned By hun nor shall any mere informs
% tn Ia Organizing have the effect Of rendering I
% charter null and Of exposing stakeholder 10 a
% liability beyond the amount OF his stock.
Is Thus done and passed at my office in the G
70 Of Lake Charles, the day, month and year q
% above written, IL the presence Of Frank III !
% CaHh aud William u. AIcClanahan, compost
30 witnesses residing 10 this city, who have be
NJ unto signed their Rames with appeaTegs and
10 Notary, afteF reading tbs same.
IS (Signed.) JABIsZ ID. WATKINS,
sO ALEXANDER THOMSON